ROX RESOURCES LIMITED — Share Issue/Capital Change 2022

Dec 13, 2022

Announcement Summary

Entity name

ROX RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday December 14, 2022

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
New class - codeto be confirmed	Ordinary fully paid shares subject to a 6 monthvoluntary escrow from issuance date	1,124,246	14/12/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

ROX RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 53107202602

1.3 ASX issuer code RXL

1.4 The announcement is

New announcement

1.5 Date of this announcement

14/12/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

New +securities in a class that is not yet quoted on ASX ("new class")

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

+Securities issued under an +employee incentive scheme to be quoted in a new class

FROM (Existing Class) ASX +security code and description

No security currently exists

FROM (Existing Class) +Security description

Ordinary fully paid shares subject to a 6 month voluntary escrow from issuance date

TO (New Class) ASX +security code

New class - code to be confirmed

TO (New Class) +Security description

Ordinary fully paid shares subject to a 6 month voluntary escrow from issuance date

TO (New Class) +Security type

Ordinary fully or partly paid shares/units

TO (New Class) ISIN Code

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

1,124,246

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Notice of Annual General Meeting https://www.investi.com.au/api/announcements/rxl/2d5584d4-654.pdf

Are any of these +securities being issued to +key management personnel (KMP) or an +associate Yes

Provide details of the KMP or +associates being issued +securities

Name of KMP Name of registered holder Number of +securities

Chris Hunt	Jody Hunt	242,425
Matt Antill	Ranela Antill	351,515
Gregor Bennett	Jessica Bennett	227,272

Issue date

14/12/2022

Will all the +securities issued in this class rank equally in all respects from the issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000	4	16.00 %
100,001 and over	4	84.00 %

Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar Will there be CDIs issued over the +securities? Is it a partly paid class of +security? No No

Is it a stapled +security? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement.

Notice of Annual General Meeting

https://www.investi.com.au/api/announcements/rxl/2d5584d4-654.pdf

Issue details

Number of +securities to be quoted

1,124,246

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

For services provided by employees during FY22.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.165000

Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

application for quotation/issuance currently with ASX for processing.)

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RXL : ORDINARY FULLY PAID	216,073,602
New class - code to be confirmed : Ordinary fully paid shares subject to a 6 month voluntaryescrow from issuance date	1,124,246

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RXLAQ : OPTION EXPIRING 31-DEC-2023 EX $1.438	1,333,333
RXLAR : OPTION EXPIRING 31-DEC-2023 EX $1.813	1,333,333
RXLAS : OPTION EXPIRING 31-DEC-2023 EX $2.188	1,333,333
RXLAU : OPTION EXPIRING 25-MAY-2024 EX $0.763	660,000
RXLAT : OPTION EXPIRING 26-MAR-2025 EX $0.988	10,476,190
RXLAV : OPTION EXPIRING 04-MAR-2026 EX $0.72	1,000,000

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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